Reliance Nippon Life Insurance Area Sales Manager Interview Questions and Answers

Basic about products and industry

Q1. Describe the entire sales process
Ans. 
The sales process involves prospecting, qualifying, presenting, handling objections, closing, and follow-up.
• Prospecting: Identifying potential customers and leads.

• Qualifying: Determining if the prospect has a need, budget, and authority to purchase.

• Presenting: Demonstrating the product or service to the prospect.

• Handling objections: Addressing any concerns or doubts the prospect may have.

• Closing: Securing the sale and ...read more
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Q1. About education and experience location
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Q1. Insurance industry the
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Q2. About family the the and address
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Q1. Tell us about your performance in your current organization?
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Q2. Family background & Your goal after 5years ?
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Q3. Highest tickets size closure?
Ans. 
Closed a deal worth $500,000 with a major client in the previous quarter.
• Closed a deal worth $500,000 with XYZ Company in Q3.

• Negotiated a contract worth $750,000 with ABC Corporation.

• Secured a deal for $600,000 with DEF Ltd in the last fiscal year.
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Q4. Did you qualified for any foreign trip?
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Q1. Job role & P & L of last financial year
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Q1. Salary discussions
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Q1. As this interview is for team handling profile, they wanted to check my ability to lead a team. So most of the question are related to team management.
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Q2. Tell about your KRAs and achievements
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Q3. Tell about your training and skills
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Q1. Document verification and other documentation and salary discussion.
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Q1. Discussion regarding my past experience and how can I use them in my present job to generate more business
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Q1. Do anything for our goal
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Q1. Do know insurance
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Q2. What do you know insurance
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Insurance is a financial product that provides protection against financial losses.
• Insurance is a contract between an individual or organization and an insurance company, where the individual or organization pays a premium in exchange for financial protection against specified risks.

• There are various types of insurance such as life insurance, health insurance, auto insurance, property insurance, and more.

• Insurance help...read more
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Q3. What was the benefit of insurance ?
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Insurance provides financial protection against unexpected events, giving peace of mind and security.
• Provides financial protection in case of accidents, illnesses, or other unexpected events

• Helps cover the cost of medical treatments, repairs, or replacements

• Offers peace of mind and security for individuals and families

• Can help mitigate financial risks and prevent financial hardship

• Encourages responsible behavior and pl
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Q4. What was the role of life insurance
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Life insurance provides financial protection to the insured's family in case of death, ensuring financial stability and security.
• Provides financial protection to the insured's family in case of death

• Ensures financial stability and security for the family

• Can help cover funeral expenses, outstanding debts, and future financial needs

• Offers peace of mind knowing loved ones are financially protected
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Q5. Any key point of life
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Always stay positive and never give up on your dreams.
• Maintain a positive attitude in all situations

• Set clear goals and work towards achieving them

• Never lose sight of your dreams and aspirations

• Learn from failures and use them as stepping stones to success
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